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The Independent UK
The Independent UK
National
Josh Payne

Ex-Formula One boss Bernie Ecclestone spared jail after admitting fraud

Bernie Ecclestone F1 Bryan Richard Wright KC HMRC
PA Wire

Ex-Formula One boss Bernie Ecclestone has been spared prison after agreeing to pay £652m to HMRC for failing to declare £400m of overseas assets to the government.

The billionaire was sentenced to 17 months in prison suspended for two years, after pleading guilty to fraud on Thursday.

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